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Off The Water
Watering Hole
Powering your home during power outages
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<blockquote data-quote="Bantou" data-source="post: 521755" data-attributes="member: 36587"><p>Roofing material costs nearly doubled during Covid and haven't come back down much since (at least on the commercial side). We saw a bit of a reduction in the first quarter of this year but about half of that went away as of August/September. </p><p></p><p>During Covid, prices were going up nearly monthly. It was so bad that we were bidding an insane rate per square foot because we had no idea what prices were going to be by the time the builder got ready for us to order materials. We had a couple of builders that paid us for materials before they even started dirt work so that they could lock in a lower price. We sat on a couple of those sets of materials for over a year because of other trades' lead times and delays on inspections...</p><p></p><p>As things currently sit, we are at about 1.75x the price we were pre-covid and making about the same gross profit that we were before. My boss primarily handles the production side of the business and freaks out every time he happens to look at a bill for materials (his wife mostly handles that side of things). He just can't wrap his head around how much materials have gone up over the last 3-4 years.</p></blockquote><p></p>
[QUOTE="Bantou, post: 521755, member: 36587"] Roofing material costs nearly doubled during Covid and haven't come back down much since (at least on the commercial side). We saw a bit of a reduction in the first quarter of this year but about half of that went away as of August/September. During Covid, prices were going up nearly monthly. It was so bad that we were bidding an insane rate per square foot because we had no idea what prices were going to be by the time the builder got ready for us to order materials. We had a couple of builders that paid us for materials before they even started dirt work so that they could lock in a lower price. We sat on a couple of those sets of materials for over a year because of other trades' lead times and delays on inspections... As things currently sit, we are at about 1.75x the price we were pre-covid and making about the same gross profit that we were before. My boss primarily handles the production side of the business and freaks out every time he happens to look at a bill for materials (his wife mostly handles that side of things). He just can't wrap his head around how much materials have gone up over the last 3-4 years. [/QUOTE]
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Watering Hole
Powering your home during power outages
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